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TSMC joins $1 trillion club
TSMC joins $1 trillion club as Q3 earnings spark chip sector rally
Another impressive round of earnings results from Taiwan Semiconductor Manufacturing Company sparked a broad chip stock rally Thursday morning. TSMC’s U.S. listed shares jumped more than 12%—pushing the company’s market capitalization above $1 trillion—as surging profits and booming AI demand have outweighed geopolitical concerns that hang heavily over the sector.
TSMC stock rallies on upbeat Q3 earnings fueled by strong AI chip demand
"Robust AI-related demand" led to strong Q3 earnings for the Taiwanese chipmaker that is building out a huge complex in Phoenix.
TSMC profit surges past expectations, sending US-listed shares higher
Investing.com-- TSMC (NYSE:TSM)- the world’s biggest contract chipmaker- posted a stronger-than-expected third quarter profit on Thursday, as sustained demand from the artificial intelligence industry continued to boost its topline.
Q3 Earnings Snapshot
TSMC: Q3 Earnings Snapshot
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share. The chip company posted revenue of $23.5 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $22.72 billion.
American Express: Q3 Earnings Snapshot
The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
Parke Bancorp: Q3 Earnings Snapshot
The holding company for Parke Bank posted revenue of $33 million in the period. Its revenue net of interest expense was $15.6 million, which topped Street forecasts.
16h
TSMC Q3: The Ultimate AI Weather Vane
TSMC's impressive Q3 earnings show strong revenue and earnings growth. Click here to find out what makes TSM stock a ...
20h
TSMC’s Q3 2024 Financial Surge Highlights Semiconductor Strength
Taiwan Semiconductor Manufacturing (TSM) has released an update. Taiwan Semiconductor Manufacturing Company (TSMC) reported a ...
香港電台網站
2d
TSMC net profit for Q3 jumps 54 pct
TSMC, the dominant producer of advanced chips used in artificial intelligence applications, reported on Thursday a ...
1d
TSMC Q3: Strong Growth In Server AI Processor Market
TSMC indicated a very strong demand for server AI processors, which is anticipated to account for 15% of total revenue in ...
20h
Will A Q3 Surprise Reverse Intel Stock's 55% Decline?
While Intel continues to face competition from AMD’s Ryzen line, which could impact growth, the company gained some share in ...
5d
1 Top Artificial Intelligence (AI) Semiconductor Stock to Buy Hand Over Fist Before Oct. 17
This AI stock has delivered impressive gains in 2024, and it could pop higher following its upcoming quarterly report.
Benzinga on MSN
1d
Nvidia Supplier TSMC Will Push Back Against ASML Rumored Price Hikes, Says Analyst — Potential Pricing Standoff Imminent In Semiconductor Industry?
Analyst Ming-Chi Kuo predicts a potential pricing standoff between ASML and TSMC, as the chipmaker may resist ASML's rumored ...
1d
TSMC: Shrinking Nanometers, Growing Top Line - Buy
TSMC's positive Q3 results and outlook support continued outperformance in AI and smartphones. Click here to find out my ...
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